Bill > LB628

This bill increases the earned income tax credit (EITC) in Nebraska. Specifically, it increases the EITC from 10% to 20% of the federal EITC for tax years starting in 2022 and later. The bill also increases the EITC to 13% in 2020 and 17% in 2021 before reaching the 20% level in 2022. The EITC is a refundable tax credit that helps low- and moderate-income working families by reducing the amount of taxes they owe and potentially providing a tax refund.